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Industrial Nanotech and evil
Why should anyone care if evil is done by an individual? Both Easter and Passover demand that we not be silent when we see evil. A friend of mine was scammed for $20,000 by Stuart Burchill masquerading as a real businessman. Industrial Nanotech parades as a real business. If Stuart goes to Church or Synagogue this week he should actually pay attention. The words are written for him. May everyone enjoy this holiday season and may goodness abound in the land.
Another Terrible INTK Industrial Nanotech experience
We paid to became distributor, we paid advanced payment for products. No delivery. We want full refund on advanced payment and distributor fee.
We (Triton-Nereid Electronics, Inc.) became a Distributor of Industrial Nanotech on 01/01/2015 with a distributor fee ($12,535) paid to Industrial Nanotech. Payment was wire transferred by Wells Fargo (on 12/26/2014. We signed a distributor agreement (drafted and provided by Francesca Crolley V.P. Business Development Industrial Nanotech, Inc. (INI)) with Industrial Nanotech. The distributor agreement was signed by Stuart Burchill, CEO/CTO Co-Founder Industrial Nanotech, Inc.
In order to keep the Distributor Agreement Industrial Nanotech required quota from us.
We ordered (on 02/11/2015) (1200 gallons) products (full price $95,716.30) from Industrial Nanotech with advanced payment ($71,787.22) which never deliver. This payment was wired transferred by Wells Fargo.
On 04/14/2015 we reduced the order to half. They never give us the partial refund. They never deliver products. (We had good intention when we reduced the order. Industrial Nanotech told us they encountered a production problem, they could not fulfill large order. Therefore, we reduced the order hoping they can complete our order faster.)
We contacted Gail Kiewlen VP of Finance Industrial Nanotech, Inc. for partial refunds. They promised the refund but never send to us.
Until today they have not give us any refund or products. They just turn silence. Triton-Nereid Electronics of Los Angeles at Better Business Bureau.
Once again, I am reporting on a posting on the internet (I filled in the partially redacted names) and what experiences people and companies have had. This sale represents 8.8% of INTK Industrial Nanotech's sales in 2015, the last reported year. Here is a verifiable sale (that is, there is a actual company name associated with a major order) and the outcome as reported. INTK is requested to comment on this, INSULO and RRPL. In all of these instances the companies report that nothing was shipped after payment was made. Also, INTK and Kolorgen are welcome to compare this order with the other imaginary orders trumpeted in the press releases.
Is today's press release a recycling of a 2007 press release?
Nine years ago INTK Industrial Nanotech trumpeted that "the company is now in the development stage of a thermal insulation material that will generate electricity."
http://www.industrial-nanotech.com/pdf/pressrelease_082207.pdf
Stuart may have forgetten this old press release when he now claims "Historically, our area of technical expertise has been energy conservation. This marks our first step into the field of energy generation, an area of expertise we feel is a logical next step for the Company."
INTK Industrial Nanotech has made an astounding number of "highly imaginative" press releases and this one is no exception. I also await the name of the "one of the top research universities in the world." Hogwarts, Faber College and the University of Northern South Dakota at Hoople come to mind and I anxiously await with my close friends Vladimir and Estragon for this imaginative product to arrive!
INTK Industrial nanotech is either broke or a scam
INTK Industrial nanotech is either broke or a scam, they are just hammering the net with google web marketing to attempt a run on their stock. I tried to get the lead x product and 9 months later nothing shipped and all I got back was a bounced check. I’m giving the SEC a heads up on what happened. Three others stated the same thing happened to them online, don’t buy their phantom products and don’t buy their stock …. just my opinion and experience with them.
comment from the editor: “Nansulate” has been a running joke for a long time now.
Comments about Industrial Nanotech and Nansulate at www.nanalyze.com
"Utilities United Against Scams Day"
The utilities have designated November 16, 2016 as "Utilities United Against Scams Day", which focuses on exposing the tricks criminals use to steal money from customers. Keeping our customers and our communities safe is a core value at SoCalGas. (please let me know if the timing of the SoCalGas announcement was a coincidence).
Francesca Crolley/Industrial Nanotech ANSWER THE QUESTIONS!!!!
There are many companies accussing you of taking their money, not shipping and not responding. I am including two that have posted on this board. You can find others by googling Nansulate scam or Nansulate fraud or contacting the Better Business Bureau (where you have an F rating).
1 "PLease help me out as even i am stuck with this company INTK. have wired them the money in April, however they have still not shipped the products. Now nobody from the company responds . Please let me know on how to get them to respond or get my money back." RRPL
2. We are an exclusive distributor in S.Korea of Nansulate.
We signed on exclusive distributorship agreement with INTK about a year ago. We pay distributorship fee and payment of the first order but they never send us their Nansulate.Mr. Burchill who is CEO of INTK promised us to refund all the payment but he and she keep ignoring our emails and calls. We are in the process of filing for law suit. INSULO of South Korea
3. What is the relationship, if any, between Industrial Nanotech and Industrial Biotechnology.
4. What is the funding for Industrial Nanotech? I understand that the company officers do not draw a salary. Do they also fund the company?
5. Why are the products not tested by any recognized American testing company. The only US testing of Nansulate that I see indicates that the product has no value (except to INTK Industrial Nanotech that sells it for more than $100 a gallon!).
6. You have made countless announcements of major sales. Why are the actual sales still so puny?
Dear RRPL and others with problems in Industrial Nanotech
You should immediately contact the State of Florida Attorney General's office. You can file a complaint at:
http://www.myfloridalegal.com/pages.nsf/Main/E3EB45228E9229DD85257B05006E32EC
or
http://myfloridalegal.com/contact.nsf/contact?Open&Section=Attorney_General
or write to the: Office of Attorney General, State of Florida,The Capitol, PL-01,Tallahassee, FL 32399-1050, USA
Please make sure to include full documentation including correspondance, evidence that you have sent money and the agreement you had with Industrial Nanotech. The Attorney General's office has already been contacted by other companies that have dealt with this company and already has an active file. The Attorney General's office is a governmental agency and has the legal power to assist you.
You should also contact the Better Business Bureau. Other individuals that have sent money without receiving any product were able to obtain refunds through them:
https://www.bbb.org/consumer-complaints/file-a-complaint/get-started
There is no cost whatsover to have both the Florida Attorney's office or the Better Business Bureau to assist you. While both can assist you only the Attorney General's office has legal authority to force a settlement.
You should not delay since Industrial Nanotech shows very high financial losses compared to very small sales and if they file bankruptcy you will lose all or most of your money.
Industrial Virtual Reality Company
With the stock of Industrial Nanotech hovering around a tenth of a penny it may be time to come up with a new venture. I suggest it be called Stuart Burchill's Industrial Virtual Reality Company. The premier product could be called Virtsulate. The science behind Virtsulate will be very compelling since an application of Virtsulate would align molecules virtually to form an insulative coating much like traditional insulation. The virtual coating will use a patented insulation technology that incorporates a composite called Scienza Irreale, a product of virtual reality. Testing and verification of this product can be done by our old friends at the Instituto Pasta e Fagioli.
Stuart Burchill's Industrial Biotechnology/Industrial Nanotech
I too would like clarification from anyone else with some knowledge of the companies and the events. Based on admittedly very incomplete information that I see on the internet, I can only guess (and this is pure conjecture) that it may be that Stuart Burchill's Industrial Biotechnlogy "a sham company that purported to provide products and services to fight global warming" was the predecessor to Stuart Burchill's Industrial Nanotech a sham company the purports to provide insulative products that are based on nanotechnology. Perhaps when Industrial Biotechnology got caught in a price-rigging scandal
(the price rigging was done by outsiders) the company lost value and was closed. The successor company is called Industrial Nanotech and also headed by Stuart Burchill.
Again, I will emphasize that I have very little information (and I could be wrong in this) and this is only pure guesswork. On the other hand, there are people with knowledge of the facts and I would really appreciate if they would clarify the situation.
Stuart Burchill's Industrial Biotechnology
... Curshen, 46, was one of seven individuals that the U.S. Justice Department charged with perpetrating a fraudulent 'pump-and-dump' scheme involving the stock of a sham company that purported to provide products and services to fight global warming.
The civil complaint further alleges that from June 27 to July 2 Grossman and Curshen instructed the agent to purchase approximately 85,000 shares of Stuart Burchill's Industrial Biotechnology Corp. stock for a total of approximately $76,000 through matched trades using detailed instructions concerning the size, price and timing of the purchase orders.
(the complaint is from 2008)
http://www.zoominfo.com/p/Jonathan-Curshen/1016794579
I am honored that Dr. Bilgin thinks believes I am a professional writer but I could never be this creative. The "agent" was an undercover FBI agent
Stuart Burchill's Industrial Biotechnology PLEASE RESPOND
Francesca Crolley, Vedat Bilgin or any of the other INTK Industrial Nanotech employees or insiders please inform this board about this company. From the very little that I see on the internet this may have been either the predecessor company to Industrial Nanotech or a different but similar sounding company that Stuart Burchill ran prior to Industrial Nanotechnology. Of course, the names could have been an unlikely coincidence and the insiders can answer that question- I cannot.
https://www.sec.gov/litigation/litreleases/2008/lr20712.htm
https://www.sec.gov/litigation/litreleases/2014/lr22951.htm
Dr. Bilgin, I have repeatedly explained my motivation. I once considered purchasing this product and thanks to the people who wrote about the worthlessness of the product I avoided it. I now am repaying that kindness and there is no question in that I am doing good since INSULO of South Korea will now be able to have the Florida Attorney General's office assist him in getting his money back. I do not know what action the Attorney General's office will take, if any, but I am just really pleased to have steered INSULO in the right direction. (Please read the previous post from INSULO thanking me and also very clearly warning potential customers or distributors not to do business with INTK Industrial Nanotech)
Florida Attorney General's Office & INTK Industrial Nanotech
I am pleased that INSULO is seeking redress at the AG's office. Once they obtain more facts about this company, perhaps the AG's office can go ahead with an investigation of INTKs operation, including the consistent false advertising and the shoddy treatment of INTK's customers. The powers of the Attorney General's office are far-reaching and it is about time INTK Industrial Nanotech is brought to justice.
I also may have stumbled onto something and I may have found that there was a previous very similar-sounding company, Stuart Burchill's Industrial Biotechnology company that got caught up in a trading scandal years ago. The only (bizarre) response that I received from Dr. Bilgen referred to Hitler and Stalin. Perhaps Francesca Crolley or another individual can post more about Stuart Burchill and Industrial Biotechnology.
Lots of bad stuff about INTK Nanotech
Dr. Vedat Bilgin you are 100% correct in that there is a an astounding amount of bad stuff written both about INTK Nanotech and Nansulate that I am able to research and repost on the internet. There is no need to employ hyperbole when the reviews about the products and the experiences of the buyers is just so bad. All I am doing is reporting on what I read about the company and the product and even you should agree that an informed consumer can make a better decision.
You communicate with the company, so please ask and let everyone know if they have returned the money to the poor folks at INSULO of South Korea. I feel so bad when I read about these and other trusting folks that have been scammed by this company. Also, please ask the company if there was a previous company Industrial Biotechnology headed by the same Stuart Burchill.
Stuart Burchill Industrial Biotechnology--Same Stuart Burchill?
http://www.madcowprod.com/5126-2/
http://www.zoominfo.com/p/Jonathan-Curshen/1016794579
Does anybody know if this is the same Stuart Burchill of Industrial Nanotechnology. Francesca Crolley, since you read and post on this board please answer this question.
How to Lose Money Investing in Stocks
Other than the self-serving press releases the INTK Industrial Nanotech disseminates it is difficult to find any articles that have anything to say about this company. Fortunately I was able to find one. From the time of the article the stock price has plunged even further.
http://www.nanalyze.com/2015/07/how-to-lose-money-investing-in-stocks/
Industrial Nanotech F Rating at Better Business Bureau
F Rating on a scale of A+ to F
http://www.bbb.org/west-florida/business-reviews/insulation-materials-companies/industrial-nanotech-in-naples-fl-90068000#reasonrating
Possible uses for Nansulate
Dr. Vedat you are correct, there is "No need to re-post the same information" so I did some research and came up with some new uses for Nansulate.
1. For use by advanced civilizations in space travel http://www.rael.org/
2. Letting the Force Be With You https://www.templeofthejediorder.org/
3. For high technology pasta preparation http://www.venganza.org/
4. Contacting Ashtar Sheran http://uni.galactic2.net/
I did look at the uses for Nansulate suggested at the INTK Industrial Nanotech site but the were too unbelievable
INI Worldwide may be base in the U.S
but the accusations are worldwide. Francesca, since you read this board, please answer the poor people at INSULO of South Korea
Dear all who has interested in Nansulate.
We are an exclusive distributor in S.Korea of Nansulate.
We signed on exclusive distributorship agreement with INTK about a year ago.
We pay distributorship fee and payment of the first order but they never send us their Nansulate.
Mr. Burchill who is CEO of INTK promised us to refund all the payment but he and she keep ignoring our emails and calls.
We are in the process of filing for law suit.
These are the FACTS of INTK.
Not even worth a penny!
Both the stock and Industrial Nanotech's products.
Dr. Vedat, thank you for proving my point. Even with conclusive and overwhelming evidence and no matter how impossible it is to believe, there are still gullible individuals that "have full faith in the products."
Warning about INTK Industrial Nanotech
Despite all the negative feedback and experiences posted on the internet at the Better Business Bureau, Sitejabber, Ripoffreport, Scamguard, etc... there are still gullible individuals and companies that are tempted to believe the beyond absurd claims of Industrial Nanotech. Dr. Vedat, I believe that you are both a good and smart man and for some reason, even with your intelligence and own losses, you continue to believe in this company and their bogus products.
Perhaps you should contact INSULO of South Korea phone 82-32-4331311
fax 82-32-4463370 (see posting #15228 on this board)
"We pay distributorship fee and payment of the first order but they never send us their Nansulate."
I know my repeated warnings are redundant but I am really sad each time a read another report when someone is not careful and does business with Industrial Nanotech and I hope that future potential distributors or customers are more careful in the future. Even you, Dr. Vedat, may soon WAKE UP from your illusion and see Industrial Nanotech for what it is.
Attorney General's Office
In order to obtain a refund of your money I would suggest that you contact the State of Florida Attorney General's office. You can file a complaint at:
http://www.myfloridalegal.com/pages.nsf/Main/E3EB45228E9229DD85257B05006E32EC.
or
http://myfloridalegal.com/webfiles.nsf/WF/MRAY-8KMFXT/$file/ConsumerComplaint.pdf
You can also contact them at pam.bondi@myfloridalegal.com
Please make sure to include full documentation including correspondance, evidence that you have sent money and the agreement you had with Industrial Nanotech
You should also contact the Better Business Bureau. Other individuals that have sent money without receiving any product were able to obtain refunds through them:
https://www.bbb.org/consumer-complaints/file-a-complaint/get-started
INTK Stock 99% Loss!
If you would have purchased INTK stock in July, 2006 you would have incurred a 99% loss on your investment. This product has been in the market for more than 10 years and according to the press releases from INTK Industrial has been reviewed and tested by many companies and the US military and it is still rejected in the marketplace.
Even if you are naive enough to take the disingenuous press releases at face value, don't you think by now that if the product had any value whatsoever it would enjoy massive sales. Instead the sales are negligible, the company consistently loses lots of money and the stock is worth a fraction of a penny,
As long as there a foolish people who believe in worthless products there needs to be skeptics like myself who remind people "Caveat Emptor."
No new news about INTK Nanotech
Dr Vedat, you are 100% correct, Other than the fluff put out by INTK Industrial Nanotech, the products are no longer written about or commented on in magazines or on the internet. Years ago when Nansulate was novel there was an attempt to ascertain if the product could perform as advertised and the reports came back that the product was "worthless" and a "sham." Once this was proven there really is no need to go any further and the completely disppointing data stands as it is. If I was to say that the boiling point of water is 100 degrees centigrade would you attack it since the data is old and already established?
Also, why did you remove your posting where you admitted that, while you still "keep the faith," you too have lost money with this company?
If any readers are tempted to believe Francesca (Crolley"s) PR,
I strongly urge them (once again) to read my report on independent testing that showed Nansulate to be worthless: ‘Insulating’ Paint Merchants Dupe Gullible Homeowners.
Answered by Martin Holladay, GBA Advisor
Posted Apr 14, 2011 7:21 PM ET
Read more: http://www.greenbuildingadvisor.com/community/forum/green-products-and-materials/19367/vendor-emailed-regarding-product-apply-exterior-b#ixzz4LVLjMZhD
Follow us: @gbadvisor on Twitter | GreenBuildingAdvisor on Facebook
This warninng was posted more than 5 years ago. No matter how many gushing "press releases" are posted through their paid providers Nansulate was and always will be "worthless."
Is Industrial Nanotech (INTK) a Pump and Dump?
...we provided a number of examples where companies used the word nanotechnology to promote themselves and consequently lost investors all their money. One of the companies we highlighted in this article was Industrial Nanotech
http://www.nanalyze.com/2013/12/is-industrial-nanotech-intk-a-pump-and-dump/
Nansulate Scam
https://www.sitejabber.com/reviews/www.nansulate.com
http://www.ripoffreport.com/r/industrial-nanotech-inc/naples-florida-34109/industrial-nanotech-inc-nansulate-leadx-high-heat-coating-heatshield-epx4-and-home-pr-1278717
http://www.greenbuildingadvisor.com/blogs/dept/musings/insulating-paint-merchants-dupe-gullible-homeowners
https://www.scamguard.com/industrial-nanotech-inc/
https://www.sitejabber.com/reviews/www.nansulate.com
http://www.bbb.org/west-florida/business-reviews/insulation-materials-companies/industrial-nanotech-in-naples-fl-90068000/complaints
How does Industrial Nanotech do it?
How can these paint manufacturers get away with such wild exaggerations? Although the problem is due in part to the FTC’s lax enforcement of existing regulations, other factors play a role. According to an article in the September 2009 issue of EDU, “Such claims, as a rule, receive relatively little attention from energy experts. That’s partly because they are numerous enough that any attempt to debunk them individually would quickly develop into an open-ended game of Whack-a-Mole, and partly because the product claims are so outlandish that it’s difficult to imagine anyone taking them seriously.”
Read more: http://www.greenbuildingadvisor.com/blogs/dept/musings/insulating-paint-merchants-dupe-gullible-homeowners#ixzz4LHwq59YF
Industrial Nanotech Agenda
My agenda is very clear. When I first read about Nansulate I was very excited about the possibility of an insulating paint. Fortunately, I researched the product using the internet and quickly learned that the product was a scam and I was shocked and dismayed at the mendacity of Industrial Nanotech. The paint at $117 a gallon is astoundingly expensive and you can not purchase it any reliable vendor such as Lowes or The Home Depot where you would have recourse.
I did not purchase the product due to the extensive warnings on the internet concerning this snake oil. I am thankful for those warnings and really think that it is important to warn people about INTK Nanotech and Nansulate.
Product does not work
The basic product Nansulate is essentially a (very expensive) paint. Paint is not insulative, regardless of the claims by INTK Industrial Nanotech. Even if paint is sprinkled with nanotechnology particles or fairy dust it is still a paint.
$1.66 Lost for every $1 in sales
The sales in the last four quarters was an astounding $880,600 with resultant losses of $1,467,638.
According to the press releases from INTK Industrial Nanotech, the major orders from the multi-national companies and major government entities
keep rolling in.
You can see clips of the of the very well-done show "Would I Lie to You" on the BBC site and some of the full episodes on youtube.
Probably at least 100 Proven Cases of...
Scamming customers. Please view Nansulate at Sitejabber or the Better Business Bureau "Scam...Ordered the product, Cc was charged immediately, no product received." "Lead X Industrial Nanotech fraud” "We have ordered this product to use for some of our customers. At this point we are very upset with the company, because we paid them for a couple of orders, and 4 months later, they still haven't delivered the product and they won't refund us our money!"etc...
Dr. Vedat, when an OTC company that has been accused of "pump and dump" and has less than one million dollars in annual sales issues a press release concerning an order in excess of million dollars it is suspect on the face of it. The fact that this "order' was not an order speaks to INTK's lack of credibility.
Yes, and after 10 years the sales keep on diminishing and the substantial losses continue to accrue.
Almost 100 Real world case studies HA HA HA!
Baron Munchausen would be proud. If this were true this would be a massive company. In fact it is a tiny company with less than a million dollars in annual sales with cumulative losses of $13,718,000.00 in the last reported five years (according to Marketwatch, a division of Dow Jones).
I actually did get to communicate with their Turkish distributor Dr. Vedat of Kolorgen through the Yahoo message board concerning one of the press releases. The press release indicated that INTK Nansulate had secured an order for more than one million dollars from a Turkish textile factory, but in reality the order was not really shipped since it was for a bankrupt company.
If there was a big demand for this product it would show in their sales and profits. The numbers speak for themselves.